Short Interest in Principal Quality ETF (NASDAQ:PSET) Drops By 77.8%

Principal Quality ETF (NASDAQ:PSET) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 200 shares, a drop of 77.8% from the October 15th total of 900 shares. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its stake in shares of Principal Quality ETF by 18.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,909 shares of the company’s stock worth $403,000 after acquiring an additional 922 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Principal Quality ETF in the 1st quarter valued at $12,677,000. Envestnet Asset Management Inc. boosted its holdings in shares of Principal Quality ETF by 11.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 232,913 shares of the company’s stock valued at $15,901,000 after acquiring an additional 23,372 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in Principal Quality ETF by 3.7% during the third quarter. Principal Securities Inc. now owns 272,169 shares of the company’s stock worth $19,370,000 after buying an additional 9,620 shares in the last quarter.

Principal Quality ETF Trading Down 0.2 %

Shares of PSET stock traded down $0.14 during trading hours on Tuesday, reaching $72.94. 956 shares of the stock were exchanged, compared to its average volume of 1,845. Principal Quality ETF has a 12-month low of $55.64 and a 12-month high of $73.40. The company’s 50-day moving average price is $70.45 and its 200-day moving average price is $68.46. The firm has a market capitalization of $59.81 million, a price-to-earnings ratio of 30.55 and a beta of 0.94.

About Principal Quality ETF

The Principal Quality ETF (PSET) is an exchange-traded fund that mostly invests in total market equity. The fund utilizes a proprietary quantitative model to actively invest in large- and mid-cap companies that are perceived to exhibit higher quality, growth potential, and pricing power. PSET was launched on Mar 21, 2016 and is managed by Principal.